Question
Download Solution PDFThe price of an article is first increased by 40% and then decreased by 45%, due to reduction in sales. Find the net percentage change in the final price of the article
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Initial increase = 40%
Subsequent decrease = 45%
Formula used:
Net Percentage Change = (\(\text{Initial Increase %}\) + \(\text{Subsequent Decrease %}\) + \(\frac{\text{Initial Increase % × Subsequent Decrease %}}{100}\))
Calculation:
⇒ Net Percentage Change = 40 - 45 + \(\frac{40 × ( -45)}{100}\)
⇒ Net Percentage Change = -5 - 18
⇒ Net Percentage Change = -23%
∴ The net percentage change in the final price of the article is a 23% decrease.
Last updated on May 28, 2025
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